Economic Coordination Committee of the Cabinet (ECC) has approved transfer of Heavy Mechanical Complex (HMC) to Strategic Plans Division.

Its meeting was held in Islamabad on Tuesday with Finance Minister Ishaq Dar in the chair.

The Committee emphasized that the rights of HMC’s employees would be fully protected during transfer process. Officials of SPD and Pakistan Atomic Energy Commission assured the Committee that all efforts would be made to revive HMC to its maximum potential.

The meeting approved the recommendations regarding pricing mechanism for Regasified LNG which would be conveyed to OGRA as policy guidelines.

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